Prosecutor General Seeks to Seize 6.1B Rubles from Kuban Businessman

The Prosecutor General is demanding the seizure of property belonging to businessman Vigen Sarkisyan. The assets include the Crowne Plaza hotel in Krasnodar and two sanatoriums in Goryachy Klyuch (Krasnodar Krai). The decision on this came into force back in November 2025, but has not yet been executed. In addition, the agency has demanded the seizure of land plots, residential and non-residential premises in Moscow, the Adygea Republic, and Goryachy Klyuch, which belong to relatives.

Earlier, the Goryachy Klyuch City Court issued a decision to recover 6.1 billion rubles (approx. $61 million at current rates) from Sarkisyan as compensation for damage from the illegal use of agricultural land in Sochi. The entrepreneur did not take measures to repay the debt and re-registered part of the property to other persons, according to Kommersant.

Who is Vigen Sarkisyan?

Vigen Durasanovich Sarkisyan is a Kuban entrepreneur, owner of the «Prestige Hotel» and a number of companies, including Prestige-Alfa LLC, Kavkaz Dom LLC, and Kavkaz-Office LLC. In 2024, the Prosecutor General«s Office of the Russian Federation filed a lawsuit in the Goryachy Klyuch court, demanding to recover 5.7 billion rubles (approx. $57 million at current rates) from him and other defendants for illegal construction of residential complexes on the lands of the Chkalovsky state farm in the Adler district of Sochi. The court recognized the lease agreements for 617 hectares as invalid, and the prosecutor»s office is seeking the return of funds to the budget.

Recall that last year, the deputy head of the Department of State Protection of Cultural Heritage Objects of the regional administration, Natalia Biryukova, was detained. She was charged with abuse of official powers. Unconfirmed information about Biryukova«s possible involvement in land fraud and her connections with businessman Vigen Sarkisyan has been circulated in the media and Telegram channels.